Kaspa

Millions

Raise

<p>According to noted <a href="https://twitter.com/realhus2/status/1761344882273055000?t=TfH5WghlT65MbvTr-AKWaQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">cryptocurrency analyst CryptOG (@realhus2)</a>, the price of Kaspa (KAS) is hovering right around a critical support level that could determine its next major move. In a recent post, CryptOG shared a chart showing KAS testing support around the $0.16 level after a period of retracement from its local highs.</p>
<p>As CryptOG explained, “I’m watching closely for the KAS candle close to see if it holds above this key support line or if we may see a bearish continuation downward toward the next major support zone.” He sees the $0.16 level as an important line in the sand for KAS bulls. A daily close below this support risks opening the doors for a more significant decline.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="522" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-1024x522.png" alt="" class="wp-image-443308" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-1024x522.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-300x153.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-767x391.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-1536x783.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-2048x1044.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-294x150.png 294w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-686x350.png 686w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918-788x401.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-918.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>On the other hand, if KAS can maintain its ground above $0.16, CryptOG expects to see the token reclaim the $0.17 level shortly thereafter, before embarking on its next leg up. He pointed out that he recently began building a position around the $0.158-0.161 zone in anticipation of this retracement and support test.</p>
<p>So in short, CryptOG and likely many other KAS investors are on close watch this week to see if the token can hold above its critical support just above $0.16. How this level holds could set the tone for the next major trend in KAS price action.</p>
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<p>The post <a href="https://captainaltcoin.com/kaspa-hangs-in-the-balance-at-crucial-support-can-kas-bulls-break-this-barrier-to-resume-uptrend/" rel="noopener noreferrer nofollow">Kaspa Hangs in the Balance at Crucial Support, Can KAS Bulls Break This Barrier to Resume Uptrend?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Kaspa Hangs in the Balance at Crucial Support, Can KAS Bulls Break This Barrier to Resume Uptrend?

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